Page 1 of 3GLA-01114NY 7/08 COBRA GUIDELINES HOW DOES AN EMPLOYEE APPLY FOR COBRA?â¢ The Employee needs to complete the Dental COBRA Election Form (GLA-01359*) within 60 days of the date of terminationor qualifying event.
Straight life. A straight life insurance policy is a type of permanent insurance that provides a guaranteed death benefit and has fixed premiums. This traditional life insurance is sometimes also known as whole life insurance or cash value insurance.
A viatical is a transaction where the owner of a life insurance policy who has less than 24 months or less to live sells his interest as the insured to a viatical settlement company. The viatical life settlement company makes a cash payment to the insured in exchange for ownership and beneficiary of the life insurance policy.